1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 55,986 $ 57,345 $ 66,385 $ 32,988 Financial Institution Account 4,000 4,000 0 0 Supplementary Financing Program 404,123 434,107 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,969 1,580 1,964 39,129 Total Operating Balance 466,078 497,032 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash | ___________________________________________________________________________________________ | | | This | Fiscal | | Deposits | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 16 79 943 Air Transport Security Fees 0 2 372 Commodity Credit Corporation programs 35 108 1,223 Customs and Certain Excise Taxes 57 276 6,300 Deposits by States: Supplemental Security Income 1 1 806 Unemployment -11 56 4,366 Education Department programs 41 291 2,587 Energy Department programs 15 89 1,203 Estate and Gift Taxes 104 436 4,985 Federal Reserve Earnings 0 726 5,667 Foreign Deposits, Military Sales 93 1,773 4,250 FTD's Received (Table IV) 555 7,739 88,902 Housing and Urban Development programs 1 3 313 Individual Income and Employment Taxes, Not Withheld 145 764 19,620 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 14 170 1,113 Postal Service 410 1,662 17,872 Public Debt Cash Issues (Table III-B) 98,707 165,976 1,919,653 Other Deposits: Federal Housing Admin: Note Sales 50 159 1,859 Medicare Premiums 51 205 3,602 Prem-ESF Money Mkt Guar Facility 246 408 706 Prepayment of Treasury Securities 180 250 3,175 Thrift Savings Plan Transfer 139 302 5,510 Total Other Deposits 666 1,855 20,673 Change in Balance of Uncollected Funds (closing balance $ 13) -7 -8 51 Transfers from Depositaries 762 19,823 492,564 Total Federal Reserve Account 101,604 201,821 2,593,491 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,151 19,829 230,182 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 1,151 19,829 455,405 Total Deposits (excluding transfers) 101,993 201,827 2,331,109 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 231 784 11,540 Defense Vendor Payments (EFT) 1,472 5,674 64,704 Education Department programs 1,288 2,791 22,971 Energy Department programs 120 349 5,534 Federal Employees Insurance Payments 192 732 10,324 Fed. Highway Administration programs 76 657 7,864 Federal Salaries (EFT) 714 3,415 32,930 Food and Nutrition Service (misc) 203 794 11,868 Food Stamps 10 56 724 GSA programs 75 592 3,334 Health and Human Services Grants (misc) 313 1,100 14,833 Housing and Urban Development programs 136 2,581 11,761 Interest on Treasury Securities 1 4,622 32,906 Justice Department programs 39 143 2,612 Labor Dept. prgms (excl. unemployment) 36 136 2,277 Medicaid 1,191 3,419 38,592 Medicare 1,265 17,291 94,056 NASA programs 95 339 2,890 Postal Service Money Orders and Other 176 1,034 8,101 Public Debt Cash Redemp. (Table III-B) 121,723 151,516 1,329,342 Social Security Benefits (EFT) 54 21,642 105,536 Temporary Assistance for Needy Families (HHS) 37 293 3,539 Transportation Security Admin. (DHS) 2 21 459 Unemployment Insurance Benefits 203 1,155 10,299 Veterans Affairs programs 183 520 5,466 Other Withdrawals: Agriculture Loan Payments (misc) 61 111 1,187 Emergency Prep & Response (DHS) 167 389 3,278 Federal Aviation Administration 75 158 1,565 Federal Crop Ins. Corp. 85 168 1,522 Prepayment of Treasury Securities 184 267 3,225 Tennessee Valley Authority (net) 198 230 -209 U.S. District Courts (net) -196 -46 -487 Unclassified 2,539 -3,077 96,368 Total, Other Withdrawals 3,112 16,548 402,177 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 132,947 238,205 2,461,862 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 762 19,823 492,564 Total Withdrawals (excluding transfers) 132,947 238,205 2,236,639 Net Change in Operating Cash Balance -30,954 -36,378 94,470 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions | ___________________________________________________________________________________________ | | | This | Fiscal | | Issues | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills: Regular Series 98,282 98,281 921,985 Cash Management Series 0 0 740,001 Notes 0 66,340 233,129 Bonds 0 0 11,772 Inflation-Protected Securities Increment -174 -597 -2,927 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 83 535 Interest Increment 0 561 1,784 Government Account Series 176,088 712,507 7,942,109 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 59 228 5,694 Other 418 1,269 10,910 Total Issues 274,686 878,672 9,866,479 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 121,293 121,293 1,171,101 Notes 0 24,338 127,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 209 1,921 Government Account Series 175,012 734,447 7,907,979 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 2 4,437 16,685 Other 381 1,240 11,832 Total Redemptions 296,736 885,964 9,237,321 Net Change in Public Debt Outstanding -22,050 -7,292 629,158 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis | ___________________________________________________________________________________________ | | | This | Fiscal | | Transactions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 274,686 878,672 9,866,479 Premium on New Issues 0 0 1,777 Discount on New Issues: Bills (-) 66 66 5,290 Bonds and Notes (-) 0 159 2,201 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,088 712,507 7,942,109 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 561 1,784 Inflation-Protected Securities Increment -174 -597 -3,242 Total Public Debt Cash Issues Deposited in Federal Reserve Account 98,707 165,976 1,919,653 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 296,736 885,964 9,237,321 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 175,012 734,447 7,907,979 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 121,723 151,516 1,329,342 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public 1/$ 6,411,650 $ 6,434,553 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,242,233 4,241,380 4,264,584 4,216,033 Total Public Debt Outstanding 10,653,883 10,675,933 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 50,291 50,298 50,518 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 491 491 491 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,588,660 10,610,702 10,595,725 9,959,850 Statutory Debt Limit 11,315,000 11,315,000 11,315,000 10,615,000 Act of October 3, 2008, permanently increased the statutory debt limit to $11,315 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1/The current balance includes $404,123 million outstanding for securities is sued to raise cash for the temporary Supplementary Financing Program (www.t reas.gov/press/releases/hp1144.htm). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 2,121 $ 28,883 $ 307,017 Individual Income Taxes 6 36 699 Railroad Retirement Taxes 2 37 802 Excise Taxes 9 52 9,113 Corporation Income Taxes 31 511 14,233 Federal Unemployment Taxes 3 8 748 Estate and Gift Taxes & Misc IRS Rcpts. 2 10 107 Change in Balance of Unclassified Taxes 88 114 232 Total 2,262 29,652 332,952 These Receipts were deposited in: Federal Reserve Account: Directly 35 354 5,360 Collector Depositaries 521 7,384 83,543 Tax and Loan Accounts 1,151 19,829 230,182 Inter-agency Transfers 555 2,084 13,867 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 6 $ 55 $ 1,520 $ 1,580 Deposits: Taxes Received (Table IV) 2 19 1,131 1,151 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 332 332 Depositary Initiated 0 2 428 430 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 8 71 1,891 1,969 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday December 04, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Individual $ 19 $ 47 $ 19,418 Business 64 1,067 16,702 This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in an account at the Federal Reserve Bank of New York and in Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, Bureau of the Public Debt and various electronic systems. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Financial Management Service, Department of the Treasury Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Financial Management Service (FMS) website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790. The DTS is also available on the Department of Commerce's "State of the Nation" website: http://www.stat-usa.gov/sotn. For more information regarding this system, please call 202-482-1986.